EPISODE · Apr 19, 2024 · 7 MIN
The Ship Report, Friday, April 19. 2024
from The Ship Report · host The Ship Report
More about general average liability for cargo owners - potentially daunting... Today I'll revisit a concept I talked about on Monday's show... General Average - an ancient maritime principle that governs how losses in a ship disaster are shared between stakeholders. I was talking about the containership Dali and what sort of liability cargo owners on that ship could face. Turns out quite a bit. Disasters are a reason why most companies shipping cargo have insurance against this sort of event. If they don't, it could be devastating.
What this episode covers
More about general average liability for cargo owners - potentially daunting... Today I'll revisit a concept I talked about on Monday's show... General Average - an ancient maritime principle that governs how losses in a ship disaster are shared between stakeholders. I was talking about the containership Dali and what sort of liability cargo owners on that ship could face. Turns out quite a bit. Disasters are a reason why most companies shipping cargo have insurance against this sort of event. If they don't, it could be devastating.
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The Ship Report, Friday, April 19. 2024
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